OREANDA-NEWS. October 29, 2009. MMK Announces Operational Trading Update for Q3 2009.

Production

Q3 2009

Q2 2009

%

‘000 tons

‘000 tons

Cast iron

2 326

2 006

16%

Crude steel

2 831

2 159

31%

Finished products output

2 601

1 919

36%

 

 

 

 

 

 

Production

Q3 2009

Q2 2009

%

‘000 tons

‘000 tons

Finished products output:

2 601

1 919

36%

Slabs and billets

2

0

-

Long products

312

261

20%

Flat hot-rolled products

1 553

1 090

42%

High value added (HVA) products

735

568

29%

Thick plate (mill 5000)

29

0

-

Flat cold-rolled products

331

278

19%

Downstream products:

375

290

29%

Tin plate

59

73

-19%

Galvanized steel

177

118

50%

Galvanized colour-coated steel

68

46

48%

Band

23

25

-8%

Formed section

25

14

79%

Pipes

21

13

62%

Cast iron output in Q3 2009 exceeded the pre-crisis level and amounted to 2,326 thousand tons, which is 2.2% higher y-o-y

Finished steel products output grew by 36% in Q3 2009 q-o-q and amounted to 2,601 thousand tons, while crude steel output increased by 31%. The output level achieved is the highest for the last 12 months period.

HVA products output in Q3 2009 went up by 29% q-o-q and equaled to 375 thousand tons.

Galvanized steel and colour-coated steel output amounted to 177 and 68 thousand tons accordingly in Q3 2009, which is higher by 50% and 48% q-o-q and higher by 25% and 58% y-o-y.

Increased HVA products output is due to commissioning of Hot Dip Galvanizing Line №2 in July 2008 and Colour Coating Line №2 in July 2009.

HVA products output (including thick plate, CRC and downstream products) stood at 735 thousand tons in Q3 2009, which is 29% higher than Q2 2009 results and is at the level of Q3 2008 results.

Mill 5000 thick plate output amounted to 29 thousand tons in Q3 2009.

HVA products accounted for 28% of the production portfolio in Q3 2009.